“The 2008 amendments levy an ‘exit tax’ applies to both U.S. citizens and long-term U.S. residents—green card holders who have resided in the United States for at least eight of the 15 years prior to expatriation. The tax is predicated on the legal fiction that you sell all of your worldwide property at its fair market value on the day before you expatriate. But that’s only the beginning. In 1996, Congress enacted the ‘Reed Amendment’ to the Immigration and Nationality Act. The amendment gives the US Attorney General the discretion to deny entry into the United States to a former US citizen who renounced US citizenship in order to avoid US taxation.”
http://www.nestmann.com/homelanders-to-u-s-expatriates-dont-come-back-ever/
Related posts:
'Work' as Low as the TSA's
How the Iraq War Became a War on Christians
Cannabis: History, Legalization, Regulation, & the Public Health Model
Pot And Pregnancy: It’s Harmless, So Why Are Moms Still Prosecuted?
The Bitcoin revolution could change government
Dissolve the Federal Government
Seeking a Bolthole Community
David Stockman Discusses "The Great Deformation"
In France's Welfare State Status Quo, Are We Seeing America's Future?
John Hussman: All Their Eggs in Janet's Basket
Judge Napolitano: President Obama Puts Politics Above the Rule of Law
Reevaluating Drug Courts: No Mother Should Have to Go Through What I Did
David Graeber, DEBT: The First 5,000 Years [2012]
Bill Bonner: How to Survive the Coming Zombie Apocalypse, Part 1
An Important Weimar Republic History Lesson